https://www.taxtmi.com/caselaws?id=419655 The Court upheld the entitlement of the respondent to interest on delayed refund under the Central Excise Act, 1944, despite jurisdiction changes post the introduction of the new CGST regime. The appeal by the Revenue was dismissed, and the Court ordered the Income-tax Department to pay simple interest at 9% per annum from the due date till actual payment, emphasizing compensation for the delay. The Court found no merit in the appellant's arguments and ruled in favor of the respondent, emphasizing adherence to legal precedents. en-us Mon, 14 Mar 2022 00:00:00 +0530 Tue, 18 Oct 2022 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419655 The Court upheld the entitlement of the respondent to interest on delayed refund under the Central Excise Act, 1944, despite jurisdiction changes post the introduction of the new CGST regime. The appeal by the Revenue was dismissed, and the Court ordered the Income-tax Department to pay simple interest at 9% per annum from the due date till actual payment, emphasizing compensation for the delay. The Court found no merit in the appellant's arguments and ruled in favor of the respondent, emphasizing adherence to legal precedents. Case-Laws Central Excise Mon, 14 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419655